Preheat oven to 350F. Line a 12-cup muffin pan with paper liners.
Melt butter in a small saucepan and cook over low-medium heat until butter has turned an amber color and smells toasty, but not burnt. Butter will darken quickly once it begins to turn. Pour from saucepan, scraping all the browned bits from the bottom with a spatula, into a small bowl to cool.
In a large bowl, whisk together flour, baking powder, salt and sugar.
In a medium bowl, whisk together cooled butter, eggs, vanilla and milk. Pour into flour mixture and stir until just combined.
Distribute batter evenly into prepared muffin cups.
Bake for 16-19 minutes, until a toothpick inserted into the center of a cupcake comes out clean.
Cool completely on a wire rack before frosting.
For the Frosting:
Mix Cream Cheese and Butter in a medium sized bowl using an electric mixer until creamy.
Add vanilla extract and mix well.
Add half the apricot preserves until well mixed. Add half the powdered sugar and mix well, alternate between the preserves and the powdered sugar until the frosting is at a good spreading consistency.
Garnish with Apricot wedges.
Nutrition Information:
Serving Size:
1 grams Amount Per Serving:Unsaturated Fat: 0g
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